California Public Employees Retirement System increased its stake in UniFirst Corp (NYSE:UNF) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,914 shares of the textile maker’s stock after purchasing an additional 1,766 shares during the period. California Public Employees Retirement System owned 0.11% of UniFirst worth $3,779,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Atlantic Trust Group LLC bought a new stake in shares of UniFirst during the 3rd quarter valued at $3,068,000. Prudential Financial Inc. grew its holdings in shares of UniFirst by 2.7% in the 3rd quarter. Prudential Financial Inc. now owns 27,328 shares of the textile maker’s stock valued at $4,140,000 after buying an additional 710 shares during the period. Parametrica Management Ltd acquired a new position in shares of UniFirst in the 4th quarter valued at $297,000. PEAK6 Investments L.P. grew its holdings in shares of UniFirst by 42.3% in the 3rd quarter. PEAK6 Investments L.P. now owns 2,579 shares of the textile maker’s stock valued at $391,000 after buying an additional 767 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of UniFirst in the 4th quarter valued at $869,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.
NYSE UNF traded down $2.90 on Friday, reaching $157.50. The company had a trading volume of 76,182 shares, compared to its average volume of 63,626. UniFirst Corp has a 1-year low of $133.45 and a 1-year high of $176.15. The firm has a market cap of $3,254.35, a PE ratio of 29.83, a PEG ratio of 2.12 and a beta of 0.61.
UniFirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, March 28th. The textile maker reported $1.38 EPS for the quarter, topping the consensus estimate of $1.07 by $0.31. UniFirst had a net margin of 6.79% and a return on equity of 7.95%. The firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $405.64 million. During the same period in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts expect that UniFirst Corp will post 7.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a dividend of $0.1125 per share. The ex-dividend date is Thursday, June 7th. This is a boost from UniFirst’s previous quarterly dividend of $0.04. This represents a $0.45 annualized dividend and a yield of 0.29%. UniFirst’s payout ratio is 2.84%.
UNF has been the subject of several research analyst reports. Zacks Investment Research raised shares of UniFirst from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a report on Tuesday, December 26th. ValuEngine raised shares of UniFirst from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $183.00 target price on shares of UniFirst in a research note on Thursday, March 29th. Finally, Barrington Research reaffirmed a “hold” rating on shares of UniFirst in a research note on Thursday, March 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $186.00.
In other news, VP David Martin Katz sold 1,003 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.05, for a total value of $155,515.15. Following the sale, the vice president now directly owns 3,710 shares of the company’s stock, valued at approximately $575,235.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David A. Difillippo sold 1,266 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.95, for a total transaction of $201,230.70. Following the completion of the sale, the vice president now directly owns 7,067 shares in the company, valued at $1,123,299.65. The disclosure for this sale can be found here. Insiders have sold a total of 4,860 shares of company stock worth $773,506 over the last three months. Insiders own 1.00% of the company’s stock.
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UniFirst Company Profile
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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